Strata Adds Grade-A Office Property In Pune For Fractional Ownership
Strata, India’s leading tech-enabled commercial real estate (CRE) investment platform, announced the launch of its newest commercial asset, a plush, Grade-A office property in Pune for fractional ownership. The new investment opportunity is leased out to India’s largest flex working space for which Strata aims to raise a total of Rs. 78 crore. This asset is strategically located in the heart of Pune, with an approx. area of 53000 sq. ft and comes with 5 years of lock-in and lease. The asset is expected to offer a gross entry yield of 9.1% with a total IRR of 13.1%. In the first 48 hours of the launch, over Rs. 38 crore have already been raised. Located in the centre of the Queen of Deccan at the prominent IT neighbourhood Viman Nagar, the property is surrounded by an entire ecosystem of commercial landscapes and an upcoming metro line, making it a great logistical and ecological fit. Due to this all-inclusive prime location, the tenant has confirmed the occupancy of the property for the total pre-leased period making it a much safer bet for investors. Commenting on the launch, Sudarshan Lodha, Co-founder & CEO, Strata said, “We are thrilled to come up with our latest asset in one of the most strategically located commercial areas. This asset is a perfect combination of strategic location, high-quality property and industry-leading tenant making it an optimum investment opportunity for investors looking to invest in this ambitious city.” “We are delighted that with continuous efforts and the unwavering trust of our investors, we have been able to cross 1300+ crore of AUM. I would like to take this opportunity to thank my team and investors for their constant support,” he added. In its efforts to encourage retail investment in Grade A, state of the art commercial properties in India, Strata has launched multiple premium assets across Bengaluru, Chennai, Hosur, Jaipur, Hyderabad, Pune, etc Strata, since its inception, has been continuously striving towards creating a strong new asset class of fractional ownership in India, thus democratising the high-end, limited access CRE investment. Due to these efforts, Strata has successfully proven to win the confidence of over one lakh users and 3000+ active investors. With approximately 25% of the NRI investor base, Strata is helping encourage foreign investment in Indian real estate. Strata is backed by institutional investors like Kotak Investment Advisors, Gruhas Proptech, Sabre Investments Elevation Capital, Mayfield and PropStack.
Tags : Strata Sudarshan Lodha commercial properties commercial real estate Kotak Investment Advisors Gruhas Proptech Sabre Investments Elevation Capital Mayfield and PropStack.